WASHINGTON (dpa-AFX) - (Adds Outlook)
For the first quarter, Interface Inc. (TILE) expects its net sales to be in the range of $275 million - $285 million. Analysts, on average, expect the company to report a revenue of $289.35 million for the quarter.
For the fiscal 2022, the company expects its year-over-year sales growth to be in the range of around 7% - 9 %. It also expects the capital expenditures to be around $30 million.
For the latest fourth quarter, the company reported a profit that increased from the same period last year and beat the Street estimates.
The company's bottom line came in at $21.83 million, or $0.37 per share. This compares with $19.62 million, or $0.33 per share, in last year's fourth quarter.
Excluding items, Interface Inc. reported adjusted earnings of $27.8 million or $0.47 per share for the period.
Analysts on average had expected the company to earn $0.31 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 22.6% to $339.65 million from $276.95 million last year.
Interface Inc. earnings at a glance (GAAP) :
-Earnings (Q4): $21.83 Mln. vs. $19.62 Mln. last year. -EPS (Q4): $0.37 vs. $0.33 last year. -Analyst Estimate: $0.31 -Revenue (Q4): $339.65 Mln vs. $276.95 Mln last year.
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